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KRON
Dec 23, 2012 8:00am PST
the looming fiscal cliff. that tax and cut measure >> i used to be a business owner are do not want taxes to go of, republicans to not want calkins to go up. despite suffering a major defeat this week, when he couldn't muster enough republican support to pass his own tax proposal, house speaker john boehner says there's still hope. in this week's republican address, boehner urges democrats to work with republicans on if no deal is reached by january 1st, severe cuts and tax increases will take effect sometime during the month. congress is cutting short its vacation to come back to work on thursday. >> a federal judge is givng the okay to b-p's settlement with businesses and people affected by the 20-10 oil spill in the gulf of mexico. under the settlement, b-p will pay close to eight billion dollars to settle economic and medical claims from thousands of businesses and individuals in louisiana, alabama and other coastal areas. aside from seafood industry claims, there is no cap on the amount b-p will pay to those who agree to the class action settlement. the company will pay 2- poin
NBC
Dec 23, 2012 8:00am EST
smaller deal that could put off some of the effects of the fiscal cliff and get a tax cut extension for those making $250,000 or less. wealthier americans would pay for. you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to negotiate with. republicans are facing a reality that the public is supportive of raising taxes on wealthier americans. they are likely to have to support that. the question is always whether boehner is going to move forward without a majority support from his own party on a particular bill that may start from coming from the senate. these are debates that have to still be resolved. even if there is a short-term deal, these big issues over taxes and spending are far from resolved. if we get into the president's second term, they are still going to be occupying him.
CW
Dec 23, 2012 8:30am PST
, coming up. >> waiting on the deal on capitol hill to beat the d.c. fiscal cliff. how much of this is show and how much of it is real deal cutting? >> it is 8:30, sunday, december 23rd. thank you for joining us. i am anne makovec. >> and i am phil matier. we have a lot to cover, from television sets, and gun buybacks in the area and what they are saying on the streets. >> but first, a lot of people are shopping and traveling today so our eyes are on the storms coming down right now. >> that is right. we have seen heavy wind and rain in the last 24 hours. >> yes. it will look like this for the coming hour, bringing more of the potential damage to homes and downed fire lines, etc. look at. this a tree that toppled over on to that overhang, causing the collapse. nobody was hurt, luckily. let's check with elizabeth wenger with the first look at the weather forecast. >> the worst of it is happening right now, continuing through the morning. we are getting word of flooding reports in the great highway. portions of san francisco shut down. delays at sfo about an hour-and- a-half right now. the high def doppler has been active overnight and co
FOX News
Dec 23, 2012 7:00am PST
spending cuts and tax hikes everyone's calling the fiscal cliff. the white house and top lawmakers are at odds on how to avoid the crisis. on "fox news sunday" two key senators gave their thoughts on where the talks are headed. >> i would hope we would have one last attempt here to do what everyone knows needs to be done, a larger plan that stabilizes the debt and gets us moving the right direction and does it in a way that is cognizant than we have a economy that's recovering and is weak. >> the president is eager to go over the cliff for political purposes. he sees a victory at the bottom. he gets additional tax revenue, he cuts the military which democrats have been calling for and he gets to blame republicans for it. >> joining us now as he does every sunday, chris wallace. good morning, chris. >> good morning, eric. >> we just heard two conflicting views. one senator saying that they hope to have one last meeting. the other saying he thinks president obama wants to go over the fiscal cliff. chris, what do you think's going to happen? >> up till thursday, when the house voted down or
CNN
Dec 23, 2012 11:30am PST
very much in washington. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich people. but come up with some spending cuts, we're borrowing $1 trillion a year and he has not. >> indiana senator joe lieberman said he's more pessimistic than he's ever been that a deal will get done. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, the first time that i feel that it's more likely that we will go over the cliff than not. and that, if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> leaders from both sides are expected back in washington on thursday. in india. growing demonstrations after a 23-year-old woman was gang-raped on a bus. the protesters are growing angrier over the number o
NBC
Dec 23, 2012 2:30am EST
spending cuts kick in. the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think they're going to come back after christmas. i think that we will see them back in early january to make a compromise. i think that comp promise is gog be in between where the president is and where the speaker is. >> you say we go off the fiscal cliff then? >> yes, do. >> do you think we will see the economy hit recession? that was the expectation, right? >> no. that is the expectation but i don't think so. i think there's been a lot of drama, especially on the tax increase side. the tax increase side is do symbolic. at the end of the day it's not going to
CBS
Dec 22, 2012 6:00pm PST
. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth has be
FOX News
Dec 23, 2012 8:00am PST
so-called fiscal cliff. some say no deal is what the country needs to cut spending and raise taxes. what will happen? national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and he gets to cut the military which democrats have been calling for for years and he gets to blame republicans for it. >> president obama for his part said he is optimistic a deal can still be reached. he s
FOX News
Dec 22, 2012 9:00pm PST
house speaker john boehner helped create the fiscal cliff and if they don't get a long-term budget deal done massive automatic spending cuts are triggered. do you know what the slap to address the cliff. >> raise taxes on the rich people. >> every time it comes on the radio or the news i turn it off. >> raise taxes on the rich which i think will fund government for like a week. >> are you worried about your taxes going up? >> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john boehner is? >> no. >> the tan guy. he cries a lot? >> he cries a lot? poor thing. i would, too, if he was the speaker of the house. >> do you know who john boehner is? >> i have seen him. we use the same tanning bed. >> the fiscal cliff. are you afraid? >> very worried, indeed. >> i'm scared of heights, so. >> are you nervous? >> i think you are making me nervous. ♪ feels just like i'm falling for the first time ♪ >> just the day before the painful spending cuts take place, the bush tax cuts expire. that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so ca
CSPAN
Dec 23, 2012 3:33pm EST
rules committee. >> two minutes. >> thank you. let's review. we have a fiscal cliff occurring at the beginning of next year. 12 short days. that means taxes go up for everybody who pays taxes and across-the-board spending cuts. the democrat alternative was rejected in a bipartisan basis earlier this year. our bill has been rejected is not passed versus the other bill. these business owners employ many tens of thousands of people in america in the middle class. the bill before us is a comprehensive bill. it gives us -- we have heard testimony after testimony from business owners give us certainty. the democrat alternative is not even comprehensive. does not include the state tax. we will be right back here again december next year. this gives us certainty and employers certainty. job greater certainty. americans certainty they will not ever pay the tax again. this is the right medicine for 99.8% of americans to prevent them from seeing their taxes go up on january 1 and it gives us an opportunity in the next session of congress to provide comprehensive tax reform to simplify our tax code to give us more certainty and more competitiveness so the middle class can grow and prosper and we can improve our economy. i k
ABC
Dec 23, 2012 9:00am EST
, even if you resolve the fiscal cliff we still have a fiscal problem and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you are you've popularized the no tax pledge for many years. on this plan by the speaker which would have loued taxes to go up your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, entitlement reform and tax reform to get more pro-growth, tax reform and that's the ryan plan passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actual ily been passed by one house. the president hasn't put anything forward to fix entitlements. his budget if you continue it out, you know, to 2040, 2050 takes you 3
FOX
Dec 23, 2012 9:00am EST
wallace, talks to avert the fiscal cliff st washington debates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual awakening. we'll discuss the sandy hook massacre and the meaning of christmas. with pastor rick warren. >>> plus, a change at the state department. as the benghazi report is finally released. we'll ask our sunday panel about the nomination of john kerry to replace hillary clinton. and, where the investigation of a terror attack that killed four americans goes now. and, our power player of the week, continues in holiday tradition, to show respect for veterans. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. at christmas, people who arnauty get coal in their stock and if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with bi
CBS
Dec 23, 2012 7:30am PST
after lawmakers took off to go home for the holidays without striking a deal in the fiscal cliff. again, if there's no deal, we see painful tax hikes and massive government spending cuts after january 1st. stay with us when we checked in with san francisco mayor edley and former mayor willie brown. these guys are no strangers. we have the so-called fiscal cliff. with the politics involved here? how much of what we have been seeing is real deal cutting and how much is show? >> first of all, none of it is really show. it's really politicians trying their best to prevail what they promise their voters they would do. that's what that is. they are going as well as they can. the first day as we said something different than willie brown. i immediately agreed. my voters would have to say, i didn't do what i promised to do. >> what if what you promise to do is after you sit down and see the facts and it isn't the right way to go. what do you do politically? >> for me i naturally try to get that information out there but also let the public is certainly everybody looking at the budget process understand the change of circumstances we face. for me but it has always been kind of a pro
FOX News
Dec 23, 2012 3:00pm PST
deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that woul
CNN
Dec 23, 2012 2:00pm PST
an update for you on malala off salve zani. is still no deal in sight on the fiscal cliff. the president is holding firm on tax cuts for the wealthiest americans. republicans say that must come with government spending cuts. in a plan b by republicans failed to make it to a vote and that has sparked some criticism from within the party. >> two years ago, speaker boehner promised to restore that process around which our entire government was designed. and so far, he has failed to fulfill that promise. i fault him for that. >> steven moore is the senior economics writer for the "wall street journal." necessary chicago. steven what do you make of congressman mcclintock and a lot of congressmen out there that mr. boehner has lost control of his own party? >> well, he certainly did, miquel, temporarily last week. almost everybody expected that plan b, as you described it, to past. and it had to be pulled at the last minute. that was an embarrassment for the speaker. he couldn't line up the votes in his own caucus that mean there is a lot of divisions even among the republicans about the best way to plead and i think, miguel
CNN
Dec 23, 2012 3:00pm PST
better than this. >>> moving to the fiscal cliff. teetering on the edge of the fiscal cliff now with nine days left to cut a deal. lawmakers are home for the holidays. house speaker john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer, what do we think will happen as the holidays rolls out here? >> reporter: well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level and that they could kind of say to the house, okay, now the ball is in your court. you have to deal with this, but it's still very much a possibility, don, that this doesn't work out
FOX News
Dec 23, 2012 11:00am PST
the fiscal cliff sal and washington debates how to prevent more mass murders. with nine days to go, is it still possible to make a deal to head off big tax increases and spending cuts? captioned by closed captioning services, inc. , republican john borasso and democrat kent conrad. >> as the nation mourns the victims of a newtown school shooting we turn to a man of faith for some answers. in these trying times he sees the need for a spiritual awakening. we will discuss the sandy hook massacre and the meaning of christmas. plus, a change at the state department as the benghazi report is finally released. we will ask our sunday panel about the nomination of john kerry to rehe place hillary clinton and where the investigation of the terror attack that killed four americans goes now. and our power player of the week continues his holiday tradition to show respect for veterans. all right now on "fox news sunday." hello again from fox news in washington. at christmas, people who are naughty get coal in their stockings and at the white house and congress -- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with
NBC
Dec 23, 2012 6:00am EST
it on his terms to be able to put off the fiscal cliff, but we are still going to have a lot of debate about how to deal with entitlements and spending cuts, and this is just showing that even after the election, washington teams paralyzed and unable to act, not very impressive. >> we felt so promising after the elections they wanted to work together, and you talk about the small deal, can they get it done? because boehner said, as far as reaching the deal, god only knows. >> if we go over the fiscal cliff where we get passed january 1st, things won't happen right away. there are automatic spending cuts that will take affect, and congress can come back and get legislation done. congress can prove to work quickly when it has to. i think the expectation is they come back after christmas and get the smaller deal done that at least puts off the idea of the fiscal cliff and then they have to come back and get back to the deficit-cutting deal if they can reach that later on. >> and president obama nominated john kerry as second of state. he has been in a good position to do this for a long time, and former nominee, of course, and he is well position
CBS
Dec 23, 2012 6:00pm EST
the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the busest day of the holiday season behind black f
FOX
Dec 22, 2012 10:00pm PST
week because of the so-called fiscal cliff. legislators left washington without a deal that would avoid cutting government services on january 1st. >> a portion of interstate 80 heading to the sierra was shut down today after a series of storm related spinouts. the highway patrol shut the highway down this morning from colfax to the nevada state line. this is what it looked like this afternoon where you see a detour prompting cars to exit the freeway and turn around. at times the interstate looked more like a parking lot. >> try to get to tahoe for christmas and we saw a small sign that says road closed and thought day were kidding. but they weren't. >> the interstate eventually reopened this afternoon, the most powerful winter storm of the season is on track to drop as much as 5 feet of snow on top of the sierra. here's what it looked like earlier at squaw valley. as much as 12 inches of snow is forecast for the foot hills around reno, carson city. >> the highway patrol is looking for the driver who crashed an suv in oakland this morning. the vehicle careened off interstate 580 and crashed into a tree du
CNN
Dec 23, 2012 12:00pm PST
suddenly so vital to the fiscal cliff negotiation? it isn't a spending cut or a tax hike, but it would effectively cut spending and raise taxes on some, saving the government an estimated $300 billion over the next decade. the problem is that what that means is that seniors, the longer they live, the less money they would actually take home. they would see a cut to their benefits and that's what has progressives so upset. >> politically speaking, this was a significant concession from the democrats or was it just an accounting fix? >> well you know, it was both of those things. it is an accounting fix. it is a significant concession from democrats. some democrats who i spoke to said look, maybe i would consider this maybe. but only if we could have some sort of mechanism, ali, that a senior past age 85 who would be facing six or 8% cut in benefits, maybe there would be an adjustment to make sure, especially for people who are very poor, that there would be some sort of safety net. paul krugerman has said liberal firebrand in the "new york times" said it's a horrible idea. terrible, stu
FOX News
Dec 23, 2012 9:00am PST
very interesting point. i think maybe he does want to go over the fiscal cliff. that's how he gets what he wants. higher tax rates on everybody and extra cuts on defense. you know he is a professor. he is a lecturer. i think he is accustomed to telling people what he wants them to know and then eliciting a certain response. in the house we have had bipartisan support to extend taxes, deal with a sequester, the things on harry reid's desk. we would like to see action from the president and the senate. >> congressman blackburn thank you very much. great to see you. we hope you have a very merry christmas. >> thank you. >>> this just into our newsroom. new video of an airstrike in syria. a report that dozens have been killed and many more injured in the attack by the government on a bakery in the town of halfaya. that town was recently taken over by rebels. >>> during the budget meeting, they say the u.s. needs to reexamine how the military plays a role in protecting our diplomats. at a time when our country is looming near fiscal cliff and see -- see questions station is around the bend how do you protect? he is a member of the armed services co
CBS
Dec 23, 2012 8:30am PST
need to stop this fiscal cliff at a reasonable if salary level and then start working on the spending cuts. >> schieffer: about 30 seconds, senator. will there be a small deal? >> i think there's going to, unfortunately, be only a small deal. unless we get to dpowrl trillion, we're just kick the hand. we took $4.5 trillion out of the revenue stream. with the bush tax cuts we're only talking about putting a third of that back in. at the same time we doubled defense spend, created homeland security, and created a new drug benefit and we're all getting a lot older. we have to realize it takes revenue, spending cut and entitlement reform. >> schieffer: you think they'll get past it? >> i think they will get past it but we have to get to the big deal. >> schieffer: all right, we'll be back in one minute. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that'
MSNBC
Dec 23, 2012 12:00pm PST
wrong with this picture, and it's really surreal because they caused the fiscal cliff to occur when they raised the debt ceiling that's never been an issue, made it an issue. couldn't agree to big cuts and came up with the sequester and now they can't deal with that. the fact is you can see when speaker boehner can't even have his caucus follow him, how could the president have worked with this crowd over the last two years and all that rhetoric we heard about president obama not reaching across and being bipartisan you can see you can't go and do something with a group that's incapable of even supporting their own leader. >> so what or who do you see has the best hope to resolve this situation? >> there's no question it's president obama and senator reid and speaker boehner. speaker boehner is one of the best guys in the republican caucus. there's a lot of good people in the republican caucus, but politically a lot of them are extremely right wing, uncaring or unfeeling about people who need help and need the government programs. you know, they are out there wanting more guards in libya, but they won't pay for more guards in libya. they want -- probably going to want security guns in s
CBS
Dec 23, 2012 6:30am EST
." >> enough already. the fiscal cliff. it's not a cliff. it's a metaphor that refers to two single acts of congress signed by the president. spending cuts and tax hikes that can be easily changed as they were created. so enough already about a cliff. okay. capitalist of the year, pat? >> french actor gerald depardo. he flees from france to belgium to avoid the income tax. gives up his citizen shap. mort, you ought to take a look at that example. he fled the country. >> i will get back to you. >> mayor bloomberg, who put $250,000 into the maryland same-sex marriage campaign which succeeded. also, he used his money to defeat a pro-gun democratic in california. money well spent by the mayor of new york. >> fed chairman bernanke who saved the financial system which is at the core of capitalism. >> beautifully stated. >> jim demint from his move from the senate to the heritage foundation. i want to tell you mr. capitalist. >> with that salary? capitalist of the year mark zuckerman. for his $200 million contribution to columbia university for their institute for the mind and the brain. congratulations, mark. >> here here. >> you didn't mention my
CSPAN
Dec 23, 2012 12:35am EST
the consequences of going off of the fiscal cliff. in terms of the tax increases, it would mean another $221 billion. .he bush tax cuts expiring i payroll tax relief would expire and raise another $95 billion. i dish the provisions expire -- additional provisions expire for $65 million. the new affordable care act taxes would raise $18 billion. $65 billion in spending cuts for the budget control act, otherwise known as sequestration. $26 billion in emergency unemployment benefits would expire. $11 billion for medicare physician payment cuts. this is also according to reuters. back to the phones. jim from michigan on the line for democrats. how are you? caller: i'm great. host: where is your city in michigan? guest: near notre dame. caller: i have a comment on your previous caller. one of the impressions you get is as if our spending started with obama, the out-of-control spending. that was in place with bush. obama inherited it. we have two wars in iraq and afghanistan. a believer that it seems as if we have no choice did let the fiscal cliff happen. there is no way we can get our spending under control. guest: that is a growi
FOX
Dec 22, 2012 10:00pm EST
so is the fiscal cliff. president obama addressed the nation saying that he met republicans halfway and still no deal was reached meaning the future for tax cuts is still uncertain. >> reporter: d.c. may be shutting down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal could be reached but in a speech, he continues to hammer away at president obama. >> this was year the size of the debt, all $16 trillion of it surpassed the size of our entire economy. it's a grim milestone, one of many that we'll have to bear if we don't come to grips. the president's solution of raising tax rates would still leave red ink as far as the eye can see. >> the president landed in hawaii for a shorter than usual christmas break. he will return to washington after christmas to walk on the fiscal cliff. he is acknowledging the political reality by pushing a scaled back plan for a tax on the middle class. >> even though democrats and republicans are arguing about whether those rates should go up for thewealt
FOX
Dec 23, 2012 8:00am EST
fiscal cliff, but also acknowledging the political reality by pushing a scaled-back plan for cutting taxes on the middle class. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us, agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> reporter: the president wants that middle class tax cut and he wants to preserve unemployment benefits that are set to expire at the end of the year. in washington, steve sintani, fox news. >>> another big story today, it's holiday travel. there have been huge crowds at airports and wall-to-wall traffic on the roads this weekend. on top of all that, the weather isn't making things easier in most parts of the country. there's snow and wind, already forcing flights to be canceled or delayed. fox's rick leventhal has more on the travel trouble. >> approach, 133.95. >> reporter: the annual migration home for the holidays, not so merry for many this year. >> they have been giving us the runaround. we'r
MSNBC
Dec 23, 2012 5:00am PST
health changes. you see in the fiscal cliff, although in your box it says fiscal curb, it's fiscal. cuts are proposed in mental health services. that, of course, makes no sense whatsoever. so you put that together as a package, that's what we should be looking at. obviously, safety and training, you have to go through more to get a car in virtually any state across the united states of america. than you do in most states including pennsylvania, to get a gun. so, trigger locks. lockers. registering the weapon. lost and stolen provisions. we passed that in philadelphia and was sued by the nra. on the 100th day in office in '08, one of the pridest moments of my entire elected krooir, lost and stolen. you have to report your car if it's stolen if you want a claim from the insurance company. you certainly have to do the same thing for a weapon. these are reasonable, rooishl, straight-forward things. new jersey has figured out how to protect the second amendment and making people safer and new york has as well. >> will these things fly in georgia and atlanta? >> first of all, i think you need to s
FOX Business
Dec 22, 2012 8:00pm EST
movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of heat for washington this function to may point republicans are hammering. >> the u.s. economy is estate here. millions of families are counting on us to do so
NBC
Dec 23, 2012 6:00pm EST
cliff can be reached by the end of year. many are pushing for a patchwork measure. a broader plan to better balance taxes and cut spending would be discussed in the new year. congress is on break for christmas. they'll only have a few days to get any type of deal done when they return after the holiday. >>> mitt romney's sontagg says his father, quote, wanted to be less than anyone he's het in his life. he made those comments "the boston globe." tagg romney said his father had no desire to become president and would have stepped aside if he had someone to take his place. he described his father as a very private person who doesn't love attention. tagg romney served as an adviser to the 2012 romney campaign. >>> could be the end for jack's boat house. why the historic riverfront rental shop has been told to get out by the end of next month. >>> and we got some sun today but will it last? chuck bell will tell us whether we cou >>> with less than two days now until christmas, some procrastinators spent their day shopping. we're going to show you a look at the potomac yard shopping center in alexandria where there were a lot
NBC
Dec 23, 2012 10:00am EST
trillion in cuts. any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made as soon as. to my republican kcolleagues, te the ronald reagan model is if you get 80% of what you want, that's a good day. i lime simpson-bowles. the president is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike that, is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal any time soon. >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling orchl if we save medicare and social security from insolvency and
FOX News
Dec 23, 2012 1:00pm PST
to bring the word christmas into his son's school. >> gregg: we begin with so-called fiscal cliff, major concerns for the u.s. economy are not keeping lawmakers from heading home for the holidays. but with lawmakers from both parties still at odds over how to avoid that inevitable cliff, tax hikes, spending cuts associated with it, some of them are taking to the sunday talk shows to make their respective cases with just nine days until every american taxpayer feels the pinch. steve centanni, steve is there still any chance some sort of a comprehensive agreement can be reached? >> reporter: it's looking less and less likely. two sides in the did the debate had their say on sunday talk shows. there is a lot of talk and not much action. john boehner called off his public for a plan b, there has been no movement toward any kind of deal and some are saying the president wasn't to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. he sees a political victory. he gets additional tax revenues and gets to cut the military which democrats have been calling for years. he gets to blame republicans for it. >> reporter: if nothing has done by the end of the year, taxes go up for everybody. >> gregg: will be the president be working o
CSPAN
Dec 23, 2012 2:00pm EST
one last tax on the poor and middle-class right before we go off together over the fiscal cliff. many's bill contains dangerous provisions. part c we got last night in which the 25 million working americans would pay more on taxes. the drastic cuts, they could not adjourn this year without one more last attempt to destroy the health care bill that will provide health care for millions more americans, covered by insurance is they have never been able to have before. during my last election last month, i met more than one person. she was born with cerebral palsy. she had to do without any health insurance. she was born with cerebral palsy and had a pre-existing condition. 2 million americans would lose their unemployment assistance right here at the holiday time. as i said before, the program would be gutted. those on just cuts would leave millions struggling to pay their bills and put food on the table. americans we are talking about are not the ones that cause the problem in this country. they have nothing to do with financial services. continually, this house asks them to pay the price. enough already. they are not to blame and they should not be put on the block. sadly, just days ago, it appeared president obama and speaker boehner
CBS
Dec 22, 2012 11:00pm PST
failed talks on the fiscal cliff. >>> the tragic events on the newtown event is another reason. teresa garcia says for the first time first responders are all about what they saw. >> reporter: a horse-drown coach carried the tiny casket of ana marquez-greene. the grieving continues. the police officers who responded to radio calls about a gunman inside sandy hook elementary school described what happened. >> approaching the scene, there were approximately six children that were running from the scene, which added to our knowledge that, yes, this is real. >> reporter: first responders arrived within minutes of the 911 call that came in the morning of december 14. officers say they broke windows to get inside to search for the shooter. >> i heard the gunfire and i went towards it. >> reporter: investigators say the gunman, adam lanza, shot himself when he heard police coming. police chief michael keho says it was a horrific scene when he reached the part of the school where 20 first graders and six adults were shot and killed. >> i was devastated. absolutely devastated. i had no
CNN
Dec 23, 2012 9:00am PST
some things that will avoid the worst consequences going over the fiscal cliff. i can tell you that i've talked to a lot of republican colleagues in the senate who are favorably inclined toward the idea, let's protect the middle class from the tax cuts, raise taxes on people over $250,000 and stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak to you again. >> we might. you see all of this, i told my colleagues they're just doing it to make sure those of us retiring this year work every last day of the term. we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongesta
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